Starbox Group (NASDAQ:STBX) Shares Down 9%

Starbox Group Holdings Ltd. (NASDAQ:STBX) traded down 9% during trading on Thursday . The company traded as low as $0.20 and last traded at $0.21. 45,652 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 247,025 shares. The stock had previously closed at $0.23.

Starbox Group Trading Down 9.0 %

The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $0.28 and its 200 day simple moving average is $0.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in STBX. Citadel Advisors LLC purchased a new stake in shares of Starbox Group in the third quarter valued at about $33,000. Jane Street Group LLC acquired a new position in shares of Starbox Group in the third quarter valued at approximately $138,000. Barclays PLC acquired a new position in shares of Starbox Group in the first quarter valued at approximately $180,000. Bank of America Corp DE raised its position in shares of Starbox Group by 15,907.7% in the first quarter. Bank of America Corp DE now owns 16,648 shares of the company’s stock valued at $59,000 after buying an additional 16,544 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Starbox Group in the first quarter valued at approximately $59,000. 21.97% of the stock is currently owned by institutional investors and hedge funds.

About Starbox Group

Starbox Group Holdings Ltd., through its subsidiaries, engages in the provision of cash rebate and digital advertising services to retail merchant advertisers through websites and mobile apps in Malaysia. It connects retail merchants with individual online and offline shoppers to facilitate transactions through cash rebate programs offered by retail merchants.